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What Small Businesses Need to Know – The CARES Act Small Business Assistance – Paycheck Protection Program Loans

By Brenda Barrett | April 06, 2020

Corporate & Commercial Law, Credit Union Representation

On March 27, 2020, the President signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act which provides for, among other things, the Paycheck Protection Program (PPP) loans program to be administered by the Small Business Administration.  These loans are intended to provide much needed funds to small businesses to meet short term capital needs…

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